• Gold: 1,240.98 -0.59
  • Silver: 15.77 -0.04
  • Euro: 1.168 -0.000
  • USDX: 94.752 -0.078
  • Oil: 70.56 0.18

June 15: Gold and Silver Fall Over 1% on the Week

Chris Mullen
|
Friday, June 15th

 

Close

Gain/Loss

On Week

Gold

$1280.50

-$22.30

-1.39%

Silver

$16.59

-$0.60

-1.01%

XAU

82.58

-2.47%

-0.42%

HUI

177.88

-2.34%

-0.53%

GDM

620.37

-1.75%

-0.52%

JSE Gold

1048.64

-30.58

-1.08%

USD

94.77

-0.02

+1.28%

Euro

116.09

+0.28

-1.37%

Yen

90.43

+0.02

-1.06%

Oil

$65.06

-$1.83

-1.03%

10-Year

2.925%

-0.012

-0.61%

Bond

144.53125

+0.40625

+0.43%

Dow

25090.48

-0.34%

-0.89%

Nasdaq

7746.38

-0.19%

+1.32%

S&P

2779.42

-0.11%

+0.01%

 
http://www.goldseek.com/news/2018/2018-06-15_14-01-55.jpg

 

The Metals:

 

Gold fell $27.40 to as low as $1275.40 at about 1:30PM EST before it bounced back higher into the close, but it still ended with a loss of 1.71%. Silver slipped to as low as $16.455 and ended with a loss of 3.49%.

 

Euro gold fell back below €1103, platinum lost $21 to $883, and copper dropped 7 cents to about $3.14.

 

Gold and silver equities fell roughly 2% by midmorning and remained near that level for the rest of the day.

 

The Economy:

 

Consumer sentiment surprises in early June reading, moving opposite of expectations  CNBC

Fire at parts supplier for Ford trucks drags down U.S. industrial production in May  MarketWatch

Empire State manufacturing index climbs to best level in eight months in June  MarketWatch

Trump sets $50 billion in China tariffs with Beijing ready to strike back  Reuters

 

Next week’s economic highlights include the NAHB home builders' index on Monday, Housing starts and Building permits on Tuesday, the Current account and Existing home sales on Wednesday, Weekly jobless claims, the Philly Fed, and Leading indicators on Thursday, and Markit manufacturing PMI and services on Friday.

 

The Markets:

 

Oil fell nearly 3% on expectations that OPEC will agree to boost output next week.

 

The U.S. dollar index dropped and treasuries rose as the Dow, Nasdaq, and S&P lost roughly 1% by midmorning on fears of a trade war with China, but stocks then climbed back higher in afternoon trade and ended only modestly lower on hopes that cooler heads will prevail.

 

Among the big names making news in the market Friday were Avalara, Qualcomm-NXP, Apple, Comcast, Universal Display, and Boston Beer.

 

GATA Posts:

 

 

World Gold Council to cut price on imaginary gold

Hugo Salinas Price: Is Trump's 'madness' aiming for a return to gold?

 

The Statistics:

Activity from: 6/14/2018

Gold Warehouse Stocks:

9,013,296.696

-

Silver Warehouse Stocks:

271,278,100.712

+733,785.798

 

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

 

 

Product name

Total Tonnes

Total Ounces

Total Value

New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx) AND Mexico Stock Exchange (BMV)

SPDR® Gold Shares

828.759

26,645,429

US$34,240m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

138.13

4,441,056

US$5,678m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

152.66

4,908,200

US$6,280m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$459m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 276.66: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,824.92: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Gold Resource

GORO +5.55% $6.66

2.  Sibanye

SBGL +1.52% $2.67

3.  Harmony

HMY +1.28% $1.58

 

LOSERS

1.  Frist Majestic

AG -6.40% $7.46

2.  AngloGold

AU -6.11% $8.15

3.  Yamana

AUY -6.03% $2.96

Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.

 

- Chris Mullen, Gold Seeker Report

 

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© Gold Seeker 2018

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

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